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Econometric model of Services Sector Development and Impact of Tourism in Latin American Countries

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  • Aguayo, Eva
  • Exposito, Pilar
  • Lamelas, Nelida

Abstract

Over recent decades some Latin American countries have experienced an important development due to the positive effect of tourism on the services sector. Our model relates tourism with the increase of Value-Added in services, taking into account other important variables which influence the evolution of this sector and explain the important differences among developed and less developed countries. Besides tourism, the industrial evolution is also very important to improve the development of services through some inter-sector relations. The model suggests that some stagnation of services development in many countries is due largely to a lack of industrial investment, specially in countries with a low level of tourism. Our main conclusions are that both factors, industry and tourism, need to be increased generally to contribute to development of employment and production of the services sector. .

Suggested Citation

  • Aguayo, Eva & Exposito, Pilar & Lamelas, Nelida, 2001. "Econometric model of Services Sector Development and Impact of Tourism in Latin American Countries," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 1(2).
  • Handle: RePEc:eaa:aeinde:v:1:y:2001:i:2_2
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    References listed on IDEAS

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    1. Guisan, M.Carmen & Exposito, Pilar, 2002. "Education, Industry, Trade and Development of African Countries in 1980-99," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 2(2), pages 85-107.
    2. Gardella, Rodrigo & Aguayo, Eva, 2002. "Impacto economico del turismo en el Mercosur y Chile (1990-2000)," Estudios Economicos de Desarrollo Internacional, Euro-American Association of Economic Development, vol. 2(1).
    3. Guisan, M.Carmen & Aguayo, Eva & Exposito, Pilar, 2002. "Relaciones intersectoriales en Latinoamerica en el periodo 1980-99: un analisis econometrico," Estudios Economicos de Desarrollo Internacional, Euro-American Association of Economic Development, vol. 2(1), pages 7-26.
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    Cited by:

    1. Eva Aguayo & Pilar Exposito & Emilia Vazquez, 2006. "Potential Tourism Market in Transition Countries: A Regional Analysis," ERSA conference papers ersa06p743, European Regional Science Association.
    2. Guisan, M.Carmen & Exposito, Pilar, 2002. "Education, Industry, Trade and Development of African Countries in 1980-99," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 2(2), pages 85-107.
    3. Elvis Mujacevic & Ana Vizjak & Andrea Cindric, 2011. "Evidence On The Impact Of International Finance Corporation Tourism Investment On Latin American And Caribbean Economies," Global Journal of Business Research, The Institute for Business and Finance Research, vol. 5(5), pages 45-60.
    4. Guisan, M. Carmen, 2005. "Human Capital, Population Growth and Industrial Development in Mexico and Turkey: A Comparative Analysis with Other OECD Countries, 1964-2004," Economic Development 85, University of Santiago de Compostela. Faculty of Economics and Business. Econometrics..

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    More about this item

    JEL classification:

    • C5 - Mathematical and Quantitative Methods - - Econometric Modeling
    • F0 - International Economics - - General
    • L8 - Industrial Organization - - Industry Studies: Services

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